Monthly Archives: <span>August 2014</span>

Norman-Spencer Acquires Northern Star Management in N.J.

Norman-Spencer Agency Inc., a Dayton, Ohio-based national insurance provider and program administrator, has completed the acquisition of Northern Star Management Inc. Based out of New Jersey since 1997, Northern Star has been an underwriting management company and wholesale producer working …

Home Depot Sued Over Joplin, Missouri, Tornado Deaths

A woman whose husband and two children were among eight people killed while taking cover in a Home Depot during the 2011 Joplin, Mo., tornado contends in a wrongful death lawsuit that the building was negligently constructed. Edie Howard Housel, …

New York’s Breezy Point Dune Plan Passes First Review

A multimillion-dollar request to the federal government for a grant to build a dune system and other coastal protections for a Queens, New York, neighborhood that lost 355 homes to fire and flooding during Superstorm Sandy is moving forward, the …

Capital Insurance Names Howes Northwest Development Manager

Capital Insurance Group named Bernie Howes agency development manager for its Northwest Region. Howes is advancing to an expanded role overseeing business growth, recruitment and training for Oregon. CIG’s Northwest Region encompasses Washington, Oregon, Idaho and Utah. Howes has served …

OSHA: Safety Violations Continue at Oklahoma Oil Refinery

U.S. Department of Labor’s Occupational Safety and Health Administration has cited an Oklahoma oil refinery with five repeat and three serious violations for continuing to expose workers to unsafe conditions. As a result, OSHA imposed a fine of $184,800 on …

Program Brokerage Corp. Announces 2 Appointments

Program Brokerage Corp. (PBC), a wholesale subsidiary of insurance broker Hub International Limited (Hub), has hired Michael Kambos as first vice president of the Professional Liability division. Based out of the firm’s New York City office, Kambos will be responsible …

Virginia Sets Hearing on Workers’ Comp Premium Level Adjustments

Virginia’s State Corporation Commission (SCC) has scheduled an October hearing to consider a request filed by the National Council on Compensation Insurance Inc. (NCCI) to adjust the premium levels charged for workers’ compensation insurance. NCCI has proposed a decrease in …

California’s Incomplete Prescription for Reducing Climate Risk

The California Natural Resources Agency has just released its Final Safeguarding California Plan for Reducing Climate Risk. The roughly 350-page plan is designed to provide policymakers with recommendations about how best to craft an “integrated strategy” to address climate change. …

Cornell Named State Auto Western Region Financial Officer

Thornton Cornell has been named regional financial officer for State Auto’s Western Region. Cornell, a CPA, will be based in Austin, Texas. Cornell brings to this new role a vast knowledge and experience working in the property/casualty insurance industry in …

Florida’s Federated National Raises $40M in IPO

Federated National Holding Co., a Florida-based property/casualty insurer, announced the closing of its public offering of 2,358,975 shares of its common stock, which includes 307,692 shares sold pursuant to the exercise of the 30-day option granted to the underwriters to …